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1inch Network
(1INCH)
![BSC Protocol]()
1inch Network
(1INCH)
![BSC Protocol]()
1inch Network is a DeFi project. The platform acts as a DEX aggregator. It offers users some better rates, fees, and faster transactions. 1inch can be found both on Ethereum, and also on the Binance Smart Chain. It utilizes 12 different liquidity sources on the latter.
1inch Network (1INCH) dApp Analysis
Get the most important 1inch Network dApp metrics at your fingertips - analyze the in-depth charts below, evaluate dApp’s activity in different time periods & make fast, accurate decisions!
1inch Network Smart Contract Statistics
1inch Network dApp Technical Analysis
1inch Network dApp is a crypto asset from the DeFi category built on the Binance Smart Chain protocol. Now it’s ranked as #119 in general dApp rankings according to the user count, and #56 in the DeFi category, which gives you a good idea of how 1inch Network dApp performs among its competitors.
By analyzing 1inch Network dApp data in the last 30-day window, it’s evident that the dApp’s Balance is $0, and the Volume is bearish with $132. 1inch Network has generated 1.81K Transactions with a 37.94% drop in the 30-day period. Clearly, the Volume has been plummeting by 57.88% in comparison to the previous 7-day period. The data of the last 7 days show that the 1inch Network user base is 1.06K & has been decreasing by 17.47%.
We also recommend taking a look at the 1inch Network Activity Overview & Balance of Smart Contracts graphs to see how these important metrics fluctuate & change over time.
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FAQ
What sort of information can I get about 1inch Network with the BDG Crypto Portfolio Tracker tool?
The Crypto Portfolio Tracker tool allows you to check all of the most important crypto metrics in regards to 1inch Network, or any other dApp out there. These metrics include unique user counts, dApp volume, balance, transaction counts, DeFi statistics, smart contracts, and much more. Doing so, you'll learn that Binance Smart Chain-powered 1inch Network is ranked as the #119 dApp, overall. All of the metrics can be viewed in 24-hour, 7-day, and 30-day periods.
How should I know if the 1inch Network dApp is worth tracking?
The BDG Crypto Portfolio Tracker tool provides you with all of the information that you might need to figure these things out! All you need to do is analyze the main criteria - things such as market cap, transaction counts, CAP/TVL ratio, and a few more. Probably, volume traded is the first and one of the most important metrics to start with, it shows an overall demand for the dApp tokens. You may also check how 1inch Network compares with other dApps, as well. Depending if the results satisfy you or not, you'll have a much better idea of whether or not 1inch Network is worth tracking!
How has the 1inch Network volume changed over time?
In the last 24 hours, 1inch Network had a volume of $2. This is a -41.05% change compared to the previous period. In the last 7-day period, the volume of the dApp has changed by -57.88%. Lastly, if you were to look at the 30-day period, the change is around -54.98%.
What is a dApp?
A dApp is a decentralized application that runs on a P2P network, such as a blockchain, and is fueled by tokens. The main difference between dApps and regular applications is that they eliminate middlemen, meaning no single entity has control over the network. Also, dApps are transparent as data is kept public and smart contracts are open-sourced. This is true no matter if the dApp is a crypto wallet, an exchange platform, or else.
What are the main benefits of dApps?
The main benefit of dApps is that they're completely free from the control of any single authority and operate by the logic of smart contracts. This means that no individual, no matter how powerful, can control the dApp after its smart contract is launched into the blockchain. Moreover, a P2P system ensures that decentralized applications continue to run even if significant parts of the network stop operating. dApps communicate with smart contracts that make the functionality and integration of cryptocurrencies effortless.
Where can dApps be applied?
dApps can be applied in various online industries, including advertising, gaming, social media, banking, real estate, the Internet of Things, elections & voting, and so much more. The utilization of dApps is almost limitless, and their number continues to grow every day, so it's unclear what more the future will bring. BitDegree's approach makes dApp & other Web3-related information well-accessible and easily understandable for everyone globally.
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